Property conveyancing services are a vital part of any real estate transaction. The process of buying or selling a house can be complicated, but the right conveyancer will make it as stress-free and straightforward as possible. In this article, we explore what property conveyancers do and how much they charge for their services.
Why do I need conveyancing?
Firstly, they will check the title deeds to ensure that you are legally entitled to sell the property. They will also carry out searches on the property, such as an environmental search and a drainage search, to identify any issues that may affect the property’s value or suitability for you as a buyer. The results of these searches can change your decision to buy a property or influence how much you offer for it.
Your conveyancer will deal with the paperwork for your transaction and submit this to HM Land Registry for registration. They will calculate and pay stamp duty (unless you qualify for the Stamp Duty Land Tax Holiday) and prepare final legal documents to complete the sale. They will also arrange to transfer the deposit funds from your lender to the seller’s solicitor and deal with any other outstanding payments.
They will liaise with the estate agent, surveyors and your mortgage provider to ensure that all aspects of the sale are progressing as expected. They will notify you and the buyer(s) of any issues that need to be resolved. Once all queries are resolved and the contract documentation has been prepared they will arrange to exchange contracts and complete the sale.
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